Short-Term External Debt Statistics Developments

Short-Term External Debt Statistics Developments

SHORT-TERM EXTERNAL DEBT DEVELOPMENTS

OCTOBER 2017

 

  • Short-term external debt stock recorded USD 111.5 billion at the end of October, indicating an increase of 13.7 percent compared to the end of 2016. Specifically, in this period, banks’ short-term external debt stock increased by 7.9 percent to USD 61.9 billion and other sectors’ short-term external debt stock increased by 22 percent to USD 49,5 billion.
  • Short-term FX loans of the banks received from abroad increased by 15.8 percent to USD 17.1 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 14.4 percent in comparison to the end of 2016 recording USD 15.1 billion, and FX deposits of non-resident banks recorded USD 18.1 billion increasing by 4.8 percent. In addition, non-residents’ Turkish lira deposits decreased by 4.5 percent and recorded USD 11.6 billion.
  • Trade credits due to imports under other sectors recorded USD 39.2 billion reflecting an increase of 19.6 percent compared to the end of 2016.
  • From the borrowers side, the short-term debt of public sector, which mainly composed of public banks, increased by 6,1 percent to USD 17.3 billion and the short-term debt of private sector increased by 15.2 percent to USD 94.1 billion compared to the end of 2016.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 9.1 percent to USD 51.7 billion and short-term debt to non-monetary institutions increased by 17 percent to USD 58.8 billion. Short-term bond issues decreased by 8.8 percent to 171 million as of the end of October decreasing from USD 156 million observed at the end of 2016. In the same period, short-term debt to official creditors recorded USD 832 million.
  • As of end of October, the currency breakdown of short-term external debt stock composed of 53.6 percent US dollars, 29.6 percent euro, 13.9 percent Turkish lira and 2.9 percent other currencies. Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 173.4 billion, of which USD 21.2 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 14.9 percent, Central Bank accounted for 0.4 percent and private sector accounted 84.7 percent in total stock.

CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40